The PenFed Power Cash Rewards Visa Signature Card has an offer for $100 bonus cash when you spend $1,500 within the first 90 days (ways to meet this spending requirement). Although not the best welcome offer out there, it’s a solid one considering the card doesn’t cost anything to carry. For more no-annual-fee credit card offers, see our list.
Power Cash Rewards offers a decent baseline rate of 1.5% cash back on all purchases. If you qualify for its bonus rate, the card goes from good to excellent. Find out how to get the higher 2% cash back rate on all spending below.
But if you’re not associated with the military, or you want a simple application process, this PenFed credit card will be a good fit.